Turnkey property do come with unforeseen issue so make sure you are ready for that. 

If commercial and you want to do residential you need to factor in the cost of tearing down an old building just to get the land site ready.

From what I've seen it looks about 40k in Portland. 10-15k in rural Washington county, but Im not sure I found all the fees and I haven't found info for rural Multnomah county or any other city yet. rural means no city water or sewer so well and septic and if you don't have those U can spend at least 10 to 15k on a well and water system and septic 15k to 50k.. depending on soil.plus your 5 to 10 k in building permits.. then your ready for vertical.. so city fee's are usually cheaper.now place like Yamhill or Carlton you can find little funky infill and fee's there will be less than 20k.. maybe Banks Gaston etc.its tough for land here. 

So if anyone got any tips and is willing to help me try out my wings, I'm ready. 

Stick to making decisions from the numbers.You will never feel completely ready but educate yourself and then jump in.Advocate for yourself and your interest in the deal. 

Hi All, My husband and I were under contract on a Virginia home -inspection, appraisal, financing all ready to purchase- then found out that the seller's mortgages + judgments came to more than our purchase price of $76k.

Point out the lease does not indicate AC and that the rental rate is reasonable in the area for units not having AC.You are not being a jerk and the fact that they may or may not be good tenants is irrelevant to the issue unless you are ready to pony up and install central AC. 

I responded with an apology, promise that they would promptly receive the check (it had actually been ready to go for over a week, but our schedules never lined up for me to give it to them, and our neighborhood has seen mail and package theft), but I also included a list of things I wanted them to fix.

I've done quite a bit of reading and research, and though I will continue to do so, I DO feel that at this point the only thing that is going to actually further my knowledge or get me going is real life, hands on experience...So I'm ready to bypass any more "feet wetting" and simply dive in!!

I do want my mother to be paid, but I am not ready to buy the house until a year from now.